The global proton therapy market size was estimated at USD 0.46 billion in the year 2022 and is expected to hit around USD 1.53 billion by 2032 with a registered CAGR of 13.3% during the forecast period 2023 to 2032.
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Proton therapy is one of the most widely used therapy in the market with increased precision, and accuracy, of radiation therapy which involves the eradication of the cancerous cell and the prevention of the spread of malignant cells in the surrounding tissues. Proton therapy with the developments in radiation therapy is the type of particle therapy mostly used to treat the various types of cancer.
Proton therapy comes under external beam radiotherapy with deposition of the proton for radiation therapy. Increased focus on the tumor with limitations of the entry of the radiation on the tumor with reduced focus on the surrounding tissues helps to grow the market of proton therapy. Increased latest developments in proton therapy with enhanced efficiency of the proton therapy. The rising benefits of proton therapy in the prevention of various types of cancer with advanced technologies developed help to expand the market of proton therapy during the forecast period.
The outbreak of Covid-19 on proton therapy a negative and positive effects on the market. The wide spread of the coronavirus with rising infection and reduced number of patients visiting the hospital for treatment. Imposed rules in the region from the government during the covid-19 led to a decrease in the production and manufacturing of proton therapy. The post-pandemic situation in proton therapy with increased demands from the customer for radiation therapy and enhance developments in proton therapy during the forecast period.
The advance developed technologies in the proton therapy market and enhanced utilization of proton therapy in the health care sector with the increasing number of chronic disorders such as cancer with increased demands for proton therapy for patients with increased efficiency of the therapy, enhanced accuracy of the treatment with prevention of the spread of the cancerous cells to other surrounding tissues encourages to grow the market rate of proton therapy with the rising number of patients and enhance demands. Increased research and development of the proton therapy in the market for the development of the advanced technologies in the proton with increased efficiency of the proton therapy market, rising accuracy and precision help to grow the market of proton therapy.
Increased investment from the market players in the development of proton therapy and continuous research and development help to expand the market of proton therapy. Enhance availability of proton therapy with increased acquisition of the proton therapy from the customer with rising disorder help to boost the market growth. Increased providence from the government from various regions for the new development of the technologies in proton therapy and increased policies by the government such as reimbursement with increased benefits help to grow the market rate of proton therapy during the forecast period.
Impact of covid on the proton therapy market with the increased number of patients visiting the hospital helped to expand the market of proton therapy with the increasing number of patients with chronic disorders such as cancer and technologies developed with improving software development helped to expand the market of proton therapy with increased connectivity and wide acceptance of the therapy from the market to enhance the market of proton therapy.
Report Scope of the Proton Therapy Market
|Market Size in 2023||USD 0.5 billion|
|Market Size by 2032||USD 1.53 Billion|
|Growth Rate from 2023 to 2032||CAGR of 13.3%|
|Largest Market||North America|
|Fastest Growing Market||Asia Pacific|
|Forecast Period||2023 to 2032|
Key Market Drivers
Key Market Challenges
Key Market Opportunities
On the basis of product, the accelerator is involved in the segment of proton therapy with the largest market share of around 51% in 2022 with an increase in the share of the proton ton therapy and rapid acceptance from the customer due to the rising number of patients with cancer and the cost efficiency of the proton therapy.
Increased interest by the government in the development of new technologies helps to propel the market of proton therapy during the forecast period.
On the basis of indication, central nervous system cancer held the highest market share of around 37% in 2022. The increasing prevalence of chronic disorders such as cancer is the largest growing disorder among the population with increasing demands from the customer for new advanced technologies in the radiation therapy market which boost the market of proton therapy.
Breast cancer is also projected as the largest market rising factor with increased demands for therapies with advance technology encouraging the market of proton therapy to grow with increasing share.
On the basis of end-user, the hospital segment has held the highest market share 57% in proton therapy with increasing demands from the customer with the increasing number of patients with cancer disorder and an increasing number of policies imposed by the government such as reimbursement and developing infrastructure in the healthcare center with developed technologies installed in the hospitals with rising demands help to grow the market rate to a larger extend.
Proton Therapy Market Share, By Region, 2022 (%)
|Regions||Revenue Share in 2022 (%)|
On the basis of geography North America holds the market with the highest market share of over 43% in 2022 with increased facilities in the region with rising chronic disorders among the population and increasing patients among the population changing lifestyle, and dietary intake. Which boosts the market of proton therapy during the forecast period. New advanced technologies developed in the market with increasing skills in the professionals and increased government support for integration of the new developments in proton therapy and to install in the health care center. The key market players are the major role players in the proton therapy market with increased funding from the key market helping to grow the market of proton therapy market.
Key Market Players
Segments Covered in the Report
By Set-Up Systems
By Application Type
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